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Sun 4 Nov 2012 08:23 AM

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Barack Obama: Yes, he still can

Why President Obama should be elected for a second-term as US president this week

Barack Obama: Yes, he still can

Do you remember where you were exactly four years ago, on November 4 2008? For hundreds of millions around the world, it was an unforgettable night/morning. Barack Obama had just been elected US president. I remember frantically driving from the airport to the One & Only hotel in Mauritius with my wife, the same day our honeymoon had begun. She was rather peeved at my insistence that we got there in time to watch Obama’s acceptance speech in Grant Park, Chicago. To many of us, it was a moon landing moment; you had to watch it.

And he didn’t disappoint, ending with this beautiful story about a 106-year-old woman, called Ann Nixon Cooper. Obama spoke about how she had witnessed everything from the Great Depression to the fall of the Berlin Wall — and of course him winning the presidency. Obama said that night: “America, we have come so far. We have seen so much. But there is so much more to do. So tonight, let us ask ourselves — if our children should live to see the next century; if my daughters should be so lucky to live as long as Ann Nixon Cooper, what change will they see? What progress will we have made?” Ann Nixon Cooper died two months later. Had she lived, I have no doubt Fox News would have hired her to answer that very question – under Obama, what progress have we made?

With unemployment rates at 7.8 percent, you could argue it’s the lowest since January 2009 and shows progress. But not by much. The world’s biggest economy grew by an annualised rate of 2 percent in the third quarter. Compare that with China, which saw its economy expand 7.4 percent. Yes, progress, but hardly much. One could argue that Obama’s spending spree to bring the US out of recession is starting to work, but with public debt running at $16.2 trillion, is that progress? Not much.

What about on the international front? In a memorable 2009 speech in Cairo, Obama said: “Israelis must acknowledge that just as Israel’s right to exist cannot be denied, neither can Palestine’s...It is time for these settlements to stop.”

Since then, US policy has had zero effect on the Israeli policy of continued settlement in the West Bank. The administration has made several attempts to secure a freeze, but has been completely rebuffed. Progress? Absolutely zero. That’s not to say that American foreign policy would improve under Mitt Romney were he elected. In fact some former US officials like Martin Indyk, once America’s ambassador to Israel, highlighted fears that Romney, as president, would “subcontract Middle East policy to Israel.”

But back to Obama. The president’s promises to end the war in Afghanistan and close Guantanamo Bay turned out equally hollow, and with the exception of Libya, he has had little to say or do about the Arab Spring. Progress? Zero again.

But against all that, I firmly believe that Obama should and will be re-elected. There are two reasons: the first is the “other guy” factor - the other guy being one of the biggest fools in American political history. Anyone who thinks it’s appropriate to compare the GDP of Israel and the Palestinians, and then declare that Jerusalem should be the capital of the Jewish state, cannot be taken seriously.

It is also worth looking more closely at the mess Obama inherited on coming to office, and more importantly, his detailed economic plans. The billions that went into infrastructure spending, funding for states, tax cuts, and other simulative measures in 2009 were much needed. A year later, his move to effectively reduce taxes for millions was again the right thing to do.

Ann Nixon Cooper, were she still alive, probably wouldn’t be very impressed with the last four years. But America’s recovery, though slow, is now on the mend (unlike much of Europe), and has the right policies to make it a global economic power again. President Mitt Romney? No, definitely no.

Anil Bhoyrul is the Editorial Director of Arabian Business.

You can follow him on Twitter at @AnilBhoyrul

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C. William Anderson 7 years ago

I agree 100 percent. Barack Obama faced up to an enormous challenge and has America in a position to againt take a leading role in the world's economic recovery.

Yes, he paid a stiff price for his wisdom, but America will pay a stiffer price if we fail to renew his contract for another four years - C. William Anderson, author Fear and Loathing on the Cyber Campaign Trail October 2012.

Harold 7 years ago

While growing up, Barack Obama took advantage of the programs that the government offered and he has a strong belief that they are important to lift people out of poverty. He has always been in positions to help people organize themselves and unite behind liberal causes. He has never had to meet a payroll and lacks appreciation of what it takes to make the money to pay for his social programs. When he insists on taxing the job providers and bashing those that make the country work, it indicates a fundamental lack of understanding of how the economy works.
He has had his chance over the last 4 years and it is time to let another who has demonstrated business acumen take the reins. The partisans that want to keep him in office are not thoughtful people and don't realize the mess we are in.

Mumeen 7 years ago

Anil, you evaluated very well indeed. Specially, the 'other guy' factor.

Homer Simpson 7 years ago

You do realize that Barack Obama was a constitutional law professor at the University of Chicago, and on a payroll, correct?